Melbourne Beach · Brevard County, Florida
Melbourne Beach housing report
The numbers that matter if you're buying or selling a home in Melbourne Beach, in plain words.
$708,400typical home value
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Melbourne Beach is a small beach town on the barrier island, south of Indialantic.
Typical home value$708,400109% above BrevardHalf of owner-lived homes are worth more, half less.
Typical rent$1,307/mo16% below BrevardRent plus utilities, for homes that are rented.
Lived in by owners82%5 pts above BrevardThe rest are rented.
Typical year built197414 yrs olderAbout 52 years old.
Owners with a mortgage pay$2,812/mo56% above BrevardMortgage, taxes, insurance, HOA and utilities.
People who live here3,250Census estimate.
What stands out in Melbourne Beach
- The typical home here is valued at about $708,400, which is 109% higher than Brevard County as a whole ($339,600).
- About 70% of homes were built before 1980. Many insurance companies ask for a 4-point inspection (roof, electrical, plumbing, heating and air) on older homes, so plan for it early.
- 82% of homes are lived in by their owners, close to the county's 77%.
- Homes on the barrier island usually cost more to insure for wind and flood. Get insurance quotes before your inspection period ends.
- Owners with a mortgage pay about $2,812 a month in housing costs, $1,505 more than typical rent ($1,307). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
Melbourne Beach next to its neighbors
Melbourne Beach is valued higher than all three of its closest neighbors.